Intimation Of Settlement By Glenmark Pharmaceuticals Limited ('Company') Of Buyback Of U.S.$86.5 Million ('Buyback Fccbs') Of Its U.S.$200 Million 2 Per Cent Resettable Onward Starting Equity Linked Securities Due 28 June 2022 ('FCC Bonds')

• Security Code: 532296
• Company: GLENMARK

This is further to our letters dated 1 October 2018 and 3 October 2018, regarding buyback in respect of the FCC Bonds issued in 2016, which are currently listed on the Singapore Exchange Securities Trading Limited.

The Company wishes to announce that the buyback of the Buyback FCCBs was completed on 5 October 2018 and the registrar and transfer agent has cancelled the Buyback FCCBs. Accordingly, the aggregate principal amount of FCC Bonds that remain outstanding as of the date hereof is U.S.$ 113,500,000.

We request you to take this on record, and to treat the same as compliance with the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.